WASHINGTON—Consumer prices rose at their fastest pace in five months in June, fueled by higher costs for certain goods—a sign that tariffs may be starting to influence inflation, possibly prompting the Federal Reserve to hold off on any interest rate moves until at least September, Reuters reported.
Fresh Today
WASHINGTON--The CFPB’s medical debt rule is now overturned as a Texas judge vacated the rule following a successful legal challenge from the Cornerstone League and Consumer Data Industry Association, America's Credit Unions reported.
WASHINGTON—In a significant shift that could have major implications for the credit union industry, House Republican leaders have agreed to attach the Anti-CBDC (Central Bank Digital Currency) Surveillance State Act to the must-pass FY2026 National Defense Authorization Act (NDAA)—a move that has raised alarm bells within the Defense Credit Union Council, which became aware of the decision on Thursday.
ALEXANDRIA, Va.—With NCUA announcing it will hold a public hearing on a request from Dade County FCU to expand its existing community charter, one attorney believes any actions taken by the board during the Sept. 23 hearing will likely not be challenged.
PLANO, Texas— Consumer credit growth slowed sharply in May, with revolving debt—primarily credit cards—posting its first decline since last November. For credit unions, this could signal a shift in member behavior amid persistently high interest rates and softening disposable income, according to one economist’s data.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) has eliminated references to supervising banks for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has begun removing similar language from other guidance, the OCC stated in a bulletin.
NEW YORK —At least 178 new financial institutions from across the U.S. went live with or signed with Zelle during Q4 2024 and Q1 2025, the company announced.
FRANKENMUTH, Mich.—After a cryptocurrency setback within the CU industry following the collapse of FTX in late 2022 and the sudden departure of NYDIG within the CU industry not long afterward, new momentum for crypto is building.
WASHINGTON—Ahead of Tuesday’s House Financial Services Committee hearing, “Dodd-Frank Turns 15: Lessons Learned and the Road Ahead,” America’s Credit Unions President/CEO Jim Nussle sent a detailed letter to Committee leaders urging targeted reforms to the Dodd-Frank Act and the CFPB’s regulatory structure.
WASHINGTON—The Defense Credit Union Council sent several letters to Capitol Hill Monday in advance of hearings and other matters of interest to credit unions.